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Household debt

This Month

Charities are warning rising average household energy debts will force families to make some tough decisions around the Christmas period.

Rebates have not stopped energy debt rising almost 20pc

Despite billions of dollars being spent on federal and state energy rebates, more households and small businesses are struggling to pay their bills.

Total fire ban signs at a Brisbane barbecue area on Tuesday.

APRA’s risky lending crackdown is not the right remedy

The regulator knows it will be blamed if the housing market overheats or there is a crash. But its pre-emptive restrictions are not well targeted.

November

Australians are gradually souring on the idea of having big families, reporting they would like fewer children than their parents’ generation.

‘Never enough’: The issue voters care about most is not going away

Four years after it first emerged as an issue of major concern, cost of living continues to be the major focus of voter discontent.

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APRA imposes debt-to-income limits on home loans for first time

The banking regulator is pushing to preempt a build up of riskier mortgage lending to both home owners and investors as borrowing – and house prices – grow.

October

Is the 40-year mortgage a path to wealth or a lifelong debt trap?

A longer home loan means smaller monthly repayments, but that comes with a huge catch.

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September

The latest HILDA survey shows how people are navigating cost of living, revealing gaps between renters and homeowners, shifting family choices, and rising isolation.

Richer, older, lonelier: 5 charts that show how Australia has changed

The latest HILDA survey highlights cost-of-living pressures, the widening gap between renters and home owners, shifting family choices, and rising isolation.

July

Stella Kirkby on HECS reduction.

HELP debt changes pass parliament. Here’s what you need to know

Labor has delivered on an election promise to trim tuition debt by 20 per cent, which should also increase borrowing power for many.

A 20 per cent cut to student debts won votes, but it isn’t equitable.

The graduates getting a winning deal on HECS debt relief

The government’s promised 20 per cent cut to student loans will most benefit students who are already on track to high incomes.

June

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RBA tipped to cut rates to prop up ‘disappointing’ economy

GDP rose just 0.2 per cent in March as businesses cut back on investment, consumers watched their spending and limits on foreign students hit exports.

May

All the major banks passed through the RBA rate cut in full on Tuesday afternoon.

Big four banks pass on RBA cut in full

But ANZ, NAB and CBA said customers would need to contact them to actually reduce their direct-debit repayments.

Debt collector Credit Corp is acquiring the remaining business of failed Collection House.

Five steps to managing debt in a cost-of-living crisis

Calls to debt helplines are climbing, an early indicator of stress in the housing and other markets. Here’s how to get on top of debt before it bites.

April

Behind on bills: Tim Roberts.

Billionaire Tim Roberts falls behind on his bills

Perhaps the Multiplex heir was just surprised to get an invoice from a business other than Mineral Resources.

March

February 24, 2025

These two issues should frame the election. Don’t hold your breath

Tension between Australia’s cost-of-living crisis and our record household wealth lies at the heart of this federal poll. Real, long-term thinking is needed.

Transmission towers in Victoria’s west. The cost of building new connections to renewable generation projects has been one reason the price of energy has spiked.

Households face up to 9pc power bill rise amid coal plant outages

But analysts warn that billions of dollars spent on rebates to woo voters are “sugar hits” that could be better spent on long-term solutions to the increases.

After two years of cutting back, Australians are finally loosening their purse strings as confidence rises.

The six charts that show the consumer comeback is here

After two years of cutting back, Australians are finally loosening their purse strings as confidence rises. But a full-blown boom seems unlikely.

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There is still time for savers to secure a good deal.

The three habits helping Australians build the most wealth

Amid record levels of economic inequality in Australia, a respected survey of household trends shows how average people are building their savings.

February

NAB said most home owners preferred to maintain current repayments, especially as rates go down, allowing them to pay off loans more quickly

Big banks won’t automatically lower repayments after rate cut

NAB, CBA and ANZ require customers to “opt in” to get a reduction in monthly repayments, as lower interest rates were applied on Friday.

January

Some Sydney private schools will be charging more than $50,000 a year.

Private schools raise fees at three times rate of inflation

For a decade or more, private schools have increased their fees by far more than the CPI. This year is no different, and schools have a range of explanations.

The generational transfer of wealth in Australia is underway, but younger generations are struggling under the burden of high debts.

7 revealing charts about wealth in Australia

The generational transfer of wealth in Australia is underway, but younger generations are struggling under the burden of high debts.

December 2024

Bruce Chapman says HECS debt should not affect graduates’ ability to buy a house.

HECS architect wants student debt ignored when assessing home loans

Bruce Chapman, who created the income-contingent loan system for students, has hit out at the political fiddling the system has faced.

Original URL: https://www.afr.com/topic/household-debt-hor